IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) saw unusually large options trading on Wednesday. Stock traders bought 4,000 put options on the stock. This represents an increase of 1,900% compared to the average daily volume of 200 put options.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMH. HighTower Advisors LLC increased its holdings in IMPAC Mortgage by 336.1% in the 2nd quarter. HighTower Advisors LLC now owns 787,192 shares of the company’s stock worth $2,440,000 after buying an additional 606,685 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $80,000. Jane Street Group LLC bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $65,000. Vanguard Group Inc. increased its position in shares of IMPAC Mortgage by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 359,764 shares of the company’s stock valued at $1,115,000 after purchasing an additional 14,162 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $32,000.
NYSEAMERICAN IMH opened at $6.92 on Friday. IMPAC Mortgage has a one year low of $2.81 and a one year high of $7.82.
IMPAC Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.56 EPS for the quarter. The business had revenue of $24.12 million during the quarter.
About IMPAC Mortgage
Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.
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